Source: Gilder Lehrman Institute's historynow.org
March 1, 2009
[David M. Kennedy is Donald J. McLachlan Professor of History, Emeritus, at Stanford University and author of many books on American history, most recently, Freedom From Fear: The American People in Depression and War, 1929-1945 (Oxford University Press, 1999). ]
Herbert Hoover got many things wrong about the great economic calamity that destroyed his presidency and his historical reputation, but he got one fundamental thing right. Much legend to the contrary, the Great Depression w